17173 46th Ave - Storefront Retail/Residential FOR SALE


Flushing, NY 11358- East Flushing | 
$1,650,000 USD
646-889-9988
17173 46th Ave, Flushing, NY for Sale
$1,650,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 6.57% Cap Rate

17173 46th Ave
Flushing, NY 11358
East Flushing


HIGHLIGHTS

  • Two ground-level commercial units with established tenancy and basement storage.
  • Two renovated residential apartments, including a private rooftop terrace feature.
  • Separate electric and gas metering for residential and commercial spaces.
  • Garage parking enhances demand and provides additional functionality.
  • Strong income profile with projected annual net income of over $108,000.
  • Convenient access to major transportation options and neighborhood amenities.

OVERVIEW

Strong mixed-use investment opportunity in Auburndale, Flushing. With approximately 3,800 SF of building area, the property offers multiple income streams from a ground-floor commercial space, two residential units above, and a rear garage/storage area. The front commercial space offers approximately 1,400 SF with a private restroom and basement access and is currently occupied by an established tenant. The rear garage offers approximately 1,000 SF with separate rear access and additional basement space, currently configured for storage use and offering additional income potential. The second floor features two residential units with updated kitchens and renovated bathrooms, including a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit with exclusive access to an approximately 720 SF private rooftop patio, a valuable outdoor amenity in Queens. Additional features include separate electric and gas metering for the residential and commercial portions of the property, along with garage parking. Conveniently located near Northern Boulevard, supermarkets, restaurants, shopping, and everyday amenities, with access to the Q26, Q27, and Q31 bus lines connecting to Downtown Flushing, the 7 subway line, and the Auburndale LIRR station. A practical opportunity for investors seeking a mixed-use asset with existing income, additional income potential, flexible space, parking, and long-term value in an established Flushing neighborhood.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$434 USD /SF

CAP RATE

6.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C1-3/R3-2

APN/PARCEL ID

05525-0002

ASK ABOUT THIS PROPERTY

Li LiB Square RealtyMore Info
646-889-9988

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Li LiB Square RealtyMore Info
646-889-9988

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.